Canadian Moms - Tax Credits ect.

Re: Canadian Moms - Tax Credits ect.

• Mufflerlove member

  November 2014

  A lot of people seem confused about this. I keep seeing angry moms on this facebook local groups I am on. From what I understand (didn't read the article) it will benefit me because right now I only get the $100/month.

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• momofcatan member

  November 2014

  Mufflerlove said:

  A lot of people seem confused about this. I keep seeing angry moms on this facebook local groups I am on. From what I understand (didn't read the article) it will benefit me because right now I only get the $100/month.

   I also only get the $100/month (I get the other one, but not a lot because of the way my parents mess with my taxes) so I'm happy its going up to $160.
  

  
  

  
  

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• momofcatan member

  November 2014

  @megsw85 Yes income splitting will help you.
  

  
  

  
  

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• daffy2k member

  November 2014

  @Mrsveinotte‌ there is/was another credit that you get if you are below a certain income I believe... Or something like that. Everyone, no matter the income gets the $100 (soon to be $160) but you have to qualify for the other credit. We don't, so I can't say I've looked closely at it to really know the requirements

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• daffy2k member

  November 2014

  @Sympkin‌ I completely agree about the income splitting. We were discussing this the other day in the Saving check-in. Its great for us, but it is bad policy. I am so sure that they could have created a better tax break that could affect more people who need it.

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